Portfolio Loss means the loss realized on either (i) a portfolio sale of Single Family Shared-Loss Loans in accordance with the terms of Article IV or (ii) the sale of a loan with the consent of the Receiver as provided in Section 2.7.
Portfolio Loss means the loss realized on either (i) a portfolio sale of Single Family Shared-Loss Loans in accordance with the terms of Article IV or
Portfolio Loss means (i) as determined for any Quarter or part -------------- thereof ending prior to the occurrence of a Triggering Event, the amount, if any, by which the Closing Class B Share Value for the immediately preceding Quarter exceeds the Closing Class B Share Value for the Quarter, and (ii) as determined for any Quarter or part thereof following the occurrence of a Triggering Event, the amount, if any, by which the Closing Class B Share Value for the immediately preceding Quarter exceeds the Class A Share Value.
Examples of Portfolio Loss in a sentence
The Receiver shall be relieved of its obligations with respect to a Single Family Shared-Loss Loan upon payment of a Foreclosure Loss amount or a Short Sale Loss amount with respect to such Single Family Shared-Loss Loan or upon the sale of a Single Family Shared-Loss Loan by Assuming Bank to a person or entity that is not an Affiliate; provided, however, that if the Receiver consents to the sale of any such Single Family Shared-Loss Loan, any loss on such sale shall be a Portfolio Loss.
More Definitions of Portfolio Loss
Portfolio Loss means a Deemed Loss or a Realized Loss, as the context may require. For the avoidance of doubt, any loss incurred by Buyer (or otherwise deemed to occur) with respect to a CFS Portfolio Financing and Lease Asset in connection with (a) any early termination of such asset at the election of Buyer (i.e., Buyer consents to a non-contractual early termination of a CFS Portfolio Financing and Lease Asset prior to its Scheduled Termination Date as such Scheduled Termination Date exists as of the Initial Closing Date (in the case of a Specified Financing and Lease Asset) or (b) any Roll-up or property replacement or substitution described in Section 1.9(g)(iv) shall not constitute a Portfolio Loss under this Agreement.
Portfolio Loss means as per an Annual Calculation Date, (i) the sum of the Security Losses of all GA Securities as per that date, excluding any Security Losses (including those incurred as a consequence of a sale of Securities and/or otherwise incurred from (and including) the Voluntary Termination Starting Date) incurred in relation to a mutually agreed, voluntary termination of the IABF Agreement, as referred to in Clause 4.2 (d) thereof. minus (ii) the sum over all GA Securities of the Security Loss of each GA Security from but excluding the GA Calculation Date up to and including the GA Security Entry Date, provided that the outcome of this calculation is positive.
Portfolio Loss means, with respect to any Monthly Period, the aggregate Receivable Balance of each Receivable that became a Liquidating Receivable during such Monthly Period net of the Liquidation Proceeds (including estimated Liquidation Proceeds) with respect to such Liquidating Receivables.